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good morning to you bob. > > good morning. > are unions the answer here? > > i think unions can be the answer. they have been historically. but in these particular cases, something truly creative is going on. these workers are really not demanding a union election vote or a collective bargaining agreement. they are talking about raising standards. they are talking about conditions that are poor and trying to put some pressure on these employers to raise those up. > are the conditions that poor? is the working wage that awful? > > this wage is pretty bad. we are talking about very profitable companies, very profitable industries, in most metropolitan areas; and these workers, on average, will bring in roughly around $22,000, $24,000 a year. and for about half these workers, they are the principal breadwinners. that is about $9-something an hour, without benefits. so it's pretty bad. > > here is a statement coming from rob karr. he is a lobbyist with the illinois retail merchants association. he says the current minimum wage is "more than fair. it is really
good morning to you bob. > > good morning. > are unions the answer here? > > i think unions can be the answer. they have been historically. but in these particular cases, something truly creative is going on. these workers are really not demanding a union election vote or a collective bargaining agreement. they are talking about raising standards. they are talking about conditions that are poor and trying to put some pressure on these employers to raise those up. > are the...
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Dec 5, 2012
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bob, the higher productive numbers, will that lead to more hiring, regardless of what happens with the fiscal cliff? >> i think it will. we have said for some time that businesses have pushed productivity as far as they can. if we continue at a modest, 2.5% growth rate, that will be enough that businesses will be forced to higher at a faster pace. >> tom: but we're not hearing a lot of confidence coming from the business community. we're seeing it in housing and automotive sales, but in terms of hiring, it is languishing. why do you think that difference exists? >> i think business is looking ahead. there is a real dichotomy, as you mentioned, between businesses and costumers. businesses are looking ahead, and they're thinking with increased taxes, because of the fiscal cliff, if the worst happens, consumer demand is just going to fall off. they are already taking action today to try to prepare for that eventuality. but the consumer is kind of blankly ignoring this, and confidence is up for really lots of reasons. i mean, the net worth of households has been repaired. about two-thirds
bob, the higher productive numbers, will that lead to more hiring, regardless of what happens with the fiscal cliff? >> i think it will. we have said for some time that businesses have pushed productivity as far as they can. if we continue at a modest, 2.5% growth rate, that will be enough that businesses will be forced to higher at a faster pace. >> tom: but we're not hearing a lot of confidence coming from the business community. we're seeing it in housing and automotive sales,...
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Dec 10, 2012
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> moments like this when everybody is terrifieda our economy coiled slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slow economy. for instance biotech companies that can thrive even during
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. you won't take our future. aids affects us all. even babies. chevron is...
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Dec 6, 2012
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the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® r
the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib...
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Dec 7, 2012
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bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stopping may increase your risk of having a stroke. get medical help right away if you develop any signs or symptoms of bleeding, like unusual bruising or tingling. you may have a higher risk of bleeding if you take xarelto® with aspirin products, nsaids or blood thinners. talk to your doctor before taking xarelto® if
bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new...
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Dec 5, 2012
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> welcome back. we're talking with maya macguiness. let me get your take on this final question. number one, two-part question. do we need to cut medicare in terms of really getting our arms around the debt of this country? number two, if we don't get our arms around the debt and lower the debt and deficits of the u.s., what are the implications for our kids? what are the implications for the economy? give it to us straight. >> there's no question that the most important challenge for us to tackle here is controlling health care costs. medicare is at the center of it when it comes to the budget. we're going to have to do as much as possible to get
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> welcome back. we're talking with maya macguiness. let me get...
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Dec 10, 2012
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bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to tell his members, that i'm getting a good deal, if you raise taxes for people at the top. >> okay, john, thank you very much. >>> in the meantime, if those negotiations fail, are the markets ready to handle a fall off the face fiscal cliff? joining us, david, great to have you with us. >> thank you. >> hold on, thelma. hold on louise. can will markets handle it? >> i think we can handle it. it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall
bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to tell his members, that i'm getting a good deal, if you raise taxes for people at...
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john, bob, thank you. we'll see you later on the power rundown. one of the topics we'll talk about is the netflix ceo getting an s.e.c. notice because of a facebook posting and so the question is, are regulators behind the curve when it comes to overseeing social media. >>> google plans to start charging small businesses for its free services like e-mail and google docs. will consumers be next it with those fees? >>> from "50 shades of grey" to 5,000 shades of green, publisher random house giving employees a lot to cheer about this holiday season. we'll explain when "power lunch" continues in just a moment. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday s
john, bob, thank you. we'll see you later on the power rundown. one of the topics we'll talk about is the netflix ceo getting an s.e.c. notice because of a facebook posting and so the question is, are regulators behind the curve when it comes to overseeing social media. >>> google plans to start charging small businesses for its free services like e-mail and google docs. will consumers be next it with those fees? >>> from "50 shades of grey" to 5,000 shades of green,...
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Dec 8, 2012
12/12
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CNNW
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the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® r
the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib...
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we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> kate kelly has the later on the fallout. you've been working this story hard. >> i have. we've just learned that citigroup's private ba
we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with...
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we'll check back in with you. >>> now we found bob pisani. he's on the floor of the new york stock exchange. >> we've been talking about what's going on in the day and why this rally in the middle of the day. take a look. this is what everybody's talking about here. there have been vague rumors that the republicans may be breaking ranks a little bit and some may be willing to accept tax hikes. that would be a break-through if we can. of course the question is what to do on the spending side but one step at a time. it is still very vague as you heard from eamon. apple has been a big question. there's a lot of complicated things going on. right now we're going to do 35 million shares in apple today. that's twice the normal volume. we aren't far from the lows of the day. let me give you a short laundry list about what's been going on, various things we've been hearing today. there is an at&t investor conference going on that at&t's been participating in. they're talking about smartphone sales about flat for the quarter compared to last year. is
we'll check back in with you. >>> now we found bob pisani. he's on the floor of the new york stock exchange. >> we've been talking about what's going on in the day and why this rally in the middle of the day. take a look. this is what everybody's talking about here. there have been vague rumors that the republicans may be breaking ranks a little bit and some may be willing to accept tax hikes. that would be a break-through if we can. of course the question is what to do on the...
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i want to get to bob here with a look at the big moves before we take a break. over to you, bob. >> we hit the one-month high on the dow, maria, led by some of the tech stocks like ibm and intel. apple was the big story. we ended positive, but just barely. apple, $50 lost in the last two days. today, huge volume. 40 million shares. that's twice normal. company telling nbc, brian williams, they'll start building some mac computer lines here in the united states. big interview on that tonight. let's take a look at some of the computer hardware stocks. nice turn around. remember that disaster with dell and hewlett a few weeks ago? they've been moving up in the last several days. look at this move and this turn around. apple to the downside. all the others in the month of december to the up side. how about the airlines? new high for the airline index. jet fuel costs are low. capacity is constrained. i'm hearing booking is returning to normal after sandy, after a hit for them. those stocks up. u.s. airways up. southwest has been on fire recently. finally, the insurer
i want to get to bob here with a look at the big moves before we take a break. over to you, bob. >> we hit the one-month high on the dow, maria, led by some of the tech stocks like ibm and intel. apple was the big story. we ended positive, but just barely. apple, $50 lost in the last two days. today, huge volume. 40 million shares. that's twice normal. company telling nbc, brian williams, they'll start building some mac computer lines here in the united states. big interview on that...
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let us get some with bob pisani. bob, let's step away from our markets for just a second. okay? what is this we hear about the possibility that the italian government could go away? >> it was a problem this morning. mario monty's government has survived the no confidence vote. looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12 political parties in the chamber of deputies. that's the lower house. you get coalitions together and they routinely topple the governments. this has been a problem since world war ii. they've got to gig ofigure out better way to govern the country. >>> we've got huge volume today on apple. it will do 40 million shares, probably twice normal. it went positive earlier in the day on that very good news about doing some production of the mac in the u.s. >> they've got too many and maybe we have too few. somewhere in the middle is the answer. bob pisani, thank you. >>> your top stock story today is
let us get some with bob pisani. bob, let's step away from our markets for just a second. okay? what is this we hear about the possibility that the italian government could go away? >> it was a problem this morning. mario monty's government has survived the no confidence vote. looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12...
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thank you, bob pisani. we'll cover apple in-depth later in the hour. >>> it is worth taking another look at citi. trading up almost 6.5% at $36.49. the banking giant slashing 11,000 jobs, taking up to $1 billion in charges. the chief financial officer is speaking right now and kayla tausche is listening in to that conference call. >> city's cfo is just ending his prepared remarks right now at the goldman sachs financial services conference but he mentioned those layoffs right out of the gate. addressing the morning's announcement which he said is straight to the heart of citi's mission which is getting back to the basics of individual banking. among those 11,000 job cuts though, more than half will take place in the consumer banking business abroad. the bank will exit regions like pakistan and paraguay that haven't been profitable. 1,900 jobs will come from its institutional client's group. they'll start to reassess coverage of certain sectors and geographies in that group. it will close offices underutiliz
thank you, bob pisani. we'll cover apple in-depth later in the hour. >>> it is worth taking another look at citi. trading up almost 6.5% at $36.49. the banking giant slashing 11,000 jobs, taking up to $1 billion in charges. the chief financial officer is speaking right now and kayla tausche is listening in to that conference call. >> city's cfo is just ending his prepared remarks right now at the goldman sachs financial services conference but he mentioned those layoffs right out...
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do you worry, bob, that there is a deal that has eventually struck before december 301 and that you are stuck for two years without dividends are what you then start paying more dividends? >> i would not see it as being stock. [talking over each other] >> they would rather have cash now. let us say that the tax rate does not change, nobody is going to complain about getting their dividend $1.112 years earlier than otherwise. maybe people won't forget a year and a half from now where is my dividend check. we are not sticking anyone. we are rewarding our shareholders for their loyalty and their share of the company. it turns out that the taxes, because of the bush tax cut, the federal taxes due on dividends are 15%. people think that is low. it turns out, that the company already paid tax on that money. whatever money we have, we pay tax on and that is already the shareholders money. we pay the corporate tax on that money which belongs to shareholders. but, okay, the tax used to be 36% got it used to be ordinary income under president george bush. we believe the tax in 2013 and beyond wil
do you worry, bob, that there is a deal that has eventually struck before december 301 and that you are stuck for two years without dividends are what you then start paying more dividends? >> i would not see it as being stock. [talking over each other] >> they would rather have cash now. let us say that the tax rate does not change, nobody is going to complain about getting their dividend $1.112 years earlier than otherwise. maybe people won't forget a year and a half from now where...
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. >> bob is going to join us with a look at the week's winners and losers. what do we have? >> the important thing is we had a rally going into the close. let's look at the breakdowns. even though we didn't move much on the indices, some of the major sectors did. i'm talking financials. citigroup's announcement about layoffs, not good for them or the employees, but good for the stock. hart ford also up on the week. i know everybody is obsessed with apple. yes, apple is down 9%, but look at dell, hewlett-packard. they turned around. dell bottomed out two weeks ago. now ten and change. same thing with hewlett-packard. let's talk about breakdowns. how about gold stocks? what an ugly year, what an ugly week. still moving down here. gold stocks are not only underperforming the stock market, they're underperforming gold as well. you want to get out of these now. stock of the week, my opinion, i'm going with freeport-mcmoran. there you see the stock for the week. finally, here we are. the major averages, pretty much unchanged. notice that the outperforming the s&p 500. that's becau
. >> bob is going to join us with a look at the week's winners and losers. what do we have? >> the important thing is we had a rally going into the close. let's look at the breakdowns. even though we didn't move much on the indices, some of the major sectors did. i'm talking financials. citigroup's announcement about layoffs, not good for them or the employees, but good for the stock. hart ford also up on the week. i know everybody is obsessed with apple. yes, apple is down 9%, but...
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plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a de
plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of...
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in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks with opposition leaders. this comes after a violent week in cairo. on wednesday night, six were killed and nearly 700 injured in protest outside morsi's palace. >>> this morning d.c. mayor vincen
in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it...
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john carney and bob pisani. we told you earlier, apple's tim cook telling nbc's brian williams the tech giant plans to spend $100 million on american manufacturing next year. we asked the question, is this tim cook trying to keep america great or more pr? >> i think it is great news. look, any kind of attempt to increase manufacturing is fine here but don't get too excited. remember when president obama met with steve jobs a couple years ago and said to him, what's it going to take to have the iphone made in the u.s.? he said those jobs are not coming back in that may and little more realistic. >> even if it is a pr stunt, it is great that apple feels the need to try to improve its image and thinks it can do it by having more jobs in america. if more companies follow this we may be able to restore some of our manufacturing base in the u.s. i hope so. >> let's talk about apple's real rifle and some would say enemy, samsung. is it the one to watch? droids gaining a lot of popularity. rumor circulating is that sams
john carney and bob pisani. we told you earlier, apple's tim cook telling nbc's brian williams the tech giant plans to spend $100 million on american manufacturing next year. we asked the question, is this tim cook trying to keep america great or more pr? >> i think it is great news. look, any kind of attempt to increase manufacturing is fine here but don't get too excited. remember when president obama met with steve jobs a couple years ago and said to him, what's it going to take to...
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and, bob, just quick comment here. situation in greece resolving itself or additional source of concern next year? >> i think for 2013 greece stays in the euro. it has its financing in place. let's not forget that most of the private sector debt has largely been written off. and the big lending, which still needs more debt relief over the medium term is actually from the ecb, the imf and from national central banks. so greece has its financing for next year. after that, it's a very big open question. >> bob parker from credit suisse, thank you so much for all your time and thoughts this morning. stick around. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> welcome to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. political t
and, bob, just quick comment here. situation in greece resolving itself or additional source of concern next year? >> i think for 2013 greece stays in the euro. it has its financing in place. let's not forget that most of the private sector debt has largely been written off. and the big lending, which still needs more debt relief over the medium term is actually from the ecb, the imf and from national central banks. so greece has its financing for next year. after that, it's a very big...
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how is it that you know how many times i've listened to a bob dylan song or any other song and yet we never get to know anything about you guys? >> we think holding our product plan secret is very important because people love surprises. >> this was one surprise apple could not have loved, the new samsung ad campaign. it's blistering, bold, damaging. it portrays apple products and people who love them as somehow passe and uncool, even desperate. it's a blunt instrument disguised as satire and it's a frontal attack on a giant that would have been unthinkable not too long ago. >> what did you just do? >> just sent my playlist. >> the galaxy s3. when do you think we'll be able to do that thing? >> hey. >> hey, mom, dad. >> thanks for holding our spot. >> you guys have fun. home by midnight, you two. >> the next big thing is already here. >> this ises the line for apps. >> the unmistakable message right there, apple products are for your parents. samsung makes the really cool stuff and they're much more casual about it. they came along and tried to paint those with white earbuds, apple us
how is it that you know how many times i've listened to a bob dylan song or any other song and yet we never get to know anything about you guys? >> we think holding our product plan secret is very important because people love surprises. >> this was one surprise apple could not have loved, the new samsung ad campaign. it's blistering, bold, damaging. it portrays apple products and people who love them as somehow passe and uncool, even desperate. it's a blunt instrument disguised as...
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bob, tally the week up for us. >> we're up fractionally on the dow. dow had a pretty good week overall. higher priced names like ibm did well but the s&p is basically flat. we're in a holding pattern. this is the market when you get big moves on either side, big gainers here -- financials on the up side and industrials. materials had a rather ugly week. tech large by because of apple but some sectors did pretty well. two breakouts this week that really turned around here. financials. the citigroup announcement sparked some interest here. most of the big financial names for the day. you'll see financials are on the up side again today. jpmorgan, morgan stanley, citigroup, bank of america an regents financial. all had great weeks overall. the other big turnaround, computer hardware. not talking about apple. apple's had a lousy week. down 9%. but look. a simply disastrous month or two forle dell and hewlett-packard. all tornado around nurned aroun. apple today, sitting right near the lows for the week. lost about $50. we started around $585 for apple at
bob, tally the week up for us. >> we're up fractionally on the dow. dow had a pretty good week overall. higher priced names like ibm did well but the s&p is basically flat. we're in a holding pattern. this is the market when you get big moves on either side, big gainers here -- financials on the up side and industrials. materials had a rather ugly week. tech large by because of apple but some sectors did pretty well. two breakouts this week that really turned around here. financials....
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thanks, bob. bob pisani. >>> verisign getting a lift today, mary thompson is at hq. >> a turn around for the stock that fell last week. the reason, the government did renew its contract, allowing it to keep its status as the internet registry. the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff. >>> later, if you own a car but never drive it, you might be able to make some money off it. ashton kutcher and marissa mayer are backing the start up. the ceo of get-around is coming up. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 ye
thanks, bob. bob pisani. >>> verisign getting a lift today, mary thompson is at hq. >> a turn around for the stock that fell last week. the reason, the government did renew its contract, allowing it to keep its status as the internet registry. the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a...
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and to jorge posada's point, senator bob corker was on our air earlier today and he laid out sort of what the political challenges here for republicans. take a listen. >> it sure seems to me that we're negotiating about something that makes it appear that all we are trying to do is protect the rich. er with not at all focused on entitlement changes which is the only thing that will save our country. >> so when the speaker now briefs his republican leadership colleagues about whatever was in that meeting yesterday, the trick for him is going to be to present it in a way that he gets there and continues to have support. there is mumbling and grumbling about a particular challenge to speaker boehner about republican colleagues early in the new year. that is something the speaker would like to avoid. he has it find a way to get a deal and keep his job at the same time. all of that is tricky can be tyler. >> thank you very much. let's go to the exclusive patented trade mark cliff-o-meter. are we closer to a deal? no deal. we call it right now, right in the middle. that is closer to a deal
and to jorge posada's point, senator bob corker was on our air earlier today and he laid out sort of what the political challenges here for republicans. take a listen. >> it sure seems to me that we're negotiating about something that makes it appear that all we are trying to do is protect the rich. er with not at all focused on entitlement changes which is the only thing that will save our country. >> so when the speaker now briefs his republican leadership colleagues about...
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i wasn't being funny, bob. i know. >>> and we are back. twitter is erupting tonight over breaking news out of michigan where republicans in the state have passed a right to work law. kevin tweets, "michigan must be crazy. right to work legislation quickly brings lower wages. aren't they suffering enough?" and ellen vollbrecht says "the name right to work is one of the biggest cons. it's not right to work. it's the right to be fired for any reason whether right or wrong." keep sharing your thoughts with us on facebook and on twitter using #edshow. >>> coming up, apple ceo tim cook announces plans to produce some of their computers right here in the united states. i'll ask e.j. dionne if the move could cause other companies to rethink where they're manufacturing. stay with us. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take an extra 10 percent off storewide, now through sunday. [ male announcer ] marie callender's puts everythin
i wasn't being funny, bob. i know. >>> and we are back. twitter is erupting tonight over breaking news out of michigan where republicans in the state have passed a right to work law. kevin tweets, "michigan must be crazy. right to work legislation quickly brings lower wages. aren't they suffering enough?" and ellen vollbrecht says "the name right to work is one of the biggest cons. it's not right to work. it's the right to be fired for any reason whether right or...
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Dec 5, 2012
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i'm bob simon. in this edition, we look at the life of tech titan steve jobs, the cofounder of apple, and we also examine the unexpected impact that one of his inventions, the ipad, is having on children and parents living with autism. in 2004, jobs asked walter isaacson, a former editor of time magazine, if he would write his biography. isaacson thought the request premature since jobs was still a young man. what he didn't know at the time, and only a few people did, was that jobs was about to undergo surgery for pancreatic cancer and was feeling his mortality. in 2009, with jobs already gravely ill, isaacson began the first of more than 40 interviews with him, the last being conducted a few weeks before his death. as steve kroft first reported in october 2011, the result was the best-selling book of the year. >> when walter isaacson first began working on the book-- which is published by simon & schuster, a division of cbs--steve jobs' wife, laurene powell, told him, "be honest with his failings a
i'm bob simon. in this edition, we look at the life of tech titan steve jobs, the cofounder of apple, and we also examine the unexpected impact that one of his inventions, the ipad, is having on children and parents living with autism. in 2004, jobs asked walter isaacson, a former editor of time magazine, if he would write his biography. isaacson thought the request premature since jobs was still a young man. what he didn't know at the time, and only a few people did, was that jobs was about to...
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i don't think that we want to have a movie someday called the road to the weimar republic because bob hope was in the old movies. there's no hope in that new movie and i think this issue really has to be discussed. now i understand there's issues about compromise and everybody has heard that the president and the democrats won the white house. i understand that but the debt ceiling is a serious issue. as nasty as it might be and credit ratings might change based on the dynamics of how this perpetuates itself when we hit the debt ceiling probably in the next eight to nine weeks but truly congress has to have some say-so in this and the people that put those people in congress have huge opinions and finally, i say less m&a on the government side and yes, i'm not talking about mergers and acquisitions, i'm talking about our money addiction. carl? back to you. >> jim, on demint, what does it mean for the party, can he be more powerful outside the senate than inside? >> i think mr. demint is the perfect guy to run the foundation. when we talk tea party there isn't a bona fide leader, it's
i don't think that we want to have a movie someday called the road to the weimar republic because bob hope was in the old movies. there's no hope in that new movie and i think this issue really has to be discussed. now i understand there's issues about compromise and everybody has heard that the president and the democrats won the white house. i understand that but the debt ceiling is a serious issue. as nasty as it might be and credit ratings might change based on the dynamics of how this...
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before we go, you, bob have been known as the president's ear right for banking. >> i'm very close to him. liz: what is happening with the fiscal cliff, him and boehner. >> listen, they have had great meetings with ceo's. they have had three meetings with ceo's. the president wants a deal. boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this auction is up. they're incredible. internship at chanel. come on you know a kid that wants that. incredible offers. good luck. good work you're doing, kerry. >> thank you for doing this. liz: kerry kennedy. oh the website, rfccenter.org. >> rfkcenter.org. liz: then you will click on it and see where the auction is. go falconning with rfk, jr., her brother. that's what you would like? david: i would like to go falconning. i would have to bid. liz: 5100. david: that is not bad. for a good cause. liz: always. david: apple and google have become french mys. -- frenemis. they are on a bid for kodak patents. we'll ha
before we go, you, bob have been known as the president's ear right for banking. >> i'm very close to him. liz: what is happening with the fiscal cliff, him and boehner. >> listen, they have had great meetings with ceo's. they have had three meetings with ceo's. the president wants a deal. boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's a deal. liz: well, there's a deal tomorrow when this...
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that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two competing plans at this point and how much bowles is connected or not connected to this plan. still ahead this morning on "starting point" a young cancer patient missing from a hospital and her life depends on finding her. we'll tell you what happened when police found her father. that's coming up. this holiday, share everything. share "not even close." share "you owe me..." share "just ri
that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing...
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and coming up this wednesday morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better
and coming up this wednesday morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's...
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bob corker will join us yet. will we go over the fiscal cliff. >> plus, apple official lofficit weekly loss since 2010. we're going to get your technical analysis still ahead. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. for over 60,000 california foster children, the holidays can be an especially d
bob corker will join us yet. will we go over the fiscal cliff. >> plus, apple official lofficit weekly loss since 2010. we're going to get your technical analysis still ahead. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but...
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if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean i'm not a supply cider. i see that big companies are sitting on $2 trillion of cash. the people at the top are doing very well. the problem is the median wage keeps on going down. most people don't have the cash to keep buying. so the government has got to step in this is the worst time to raise taxes on the middle class. it's the worst time to cut golf spending. then we really are in a recession. that really will bring on a recession. >> do you agree with that, casey. the worst time to cut government spending? >> well most of this spending we've been doing lately is our transfers. and they're paying people for being poor. paying people for not working. i'm sure they appreciate the help. and it feels good to help th
if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean i'm not a supply cider. i see that big companies are sitting on $2 trillion of cash. the people at the top are...
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bob costas gets things done. we salute you brought today by granger with over 900,000 products to help you get your job done. call granger. click on granger.com or stop by one of their branches. granger, for the ones who get it done. stan collender, good job numbers, if you are just joining us 146,000 new private sector jobs in the month of november. obamanomics is working. unemployment rate down to 7.7%. >> can we say that 7.7%. not that long ago, we were talking about in the 9s. >> wasn't that long ago. >> before today, they were predicting 75,000 new jobs. we were all ready to kind of spin a bad job numbers as instead of okay job numbers or understandable in the light of hurricane sandy and said, we've got such good numbers, we hardly know what to say about it. >> to put this in perspective, i was here when the number hit 7.8. we sat here in the studio astounded astounded, jaws dropping. we thought it would be 8.0. it's a 310ths of a percentage drop. >> on more important issues, i don't know whether you know i
bob costas gets things done. we salute you brought today by granger with over 900,000 products to help you get your job done. call granger. click on granger.com or stop by one of their branches. granger, for the ones who get it done. stan collender, good job numbers, if you are just joining us 146,000 new private sector jobs in the month of november. obamanomics is working. unemployment rate down to 7.7%. >> can we say that 7.7%. not that long ago, we were talking about in the 9s....
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. >> looking at the headlines, i would say 11,000 jobs is a bob. roll forward. 900 million of cost savings. it is not unexpected. connell: they save 900 million, i believe, next year. and in 1.1 billion or more after that. do we read into it more and say it is a wall street story? >> we have a new ceo who knows consumer business. try to make his staff and his and person. we have to give him credit for that. bank of america announced something similar. there is still hiring. hiring at a different level. we do training for the new hires. the numbers are approximately flat, there are 2000 hiring numbers should be similar to 2012. ththe still is a hiring gogoing see, do people still want to work on wall street, do they still want to work there? are they looking at different things now than they did before the crisis? >> the numbers are still there. we do a lottof workshops. they are holding up. i think what is happening, the people that want to go to wall street are really excited about that as a career. the marginal people -- connell: they figured the
. >> looking at the headlines, i would say 11,000 jobs is a bob. roll forward. 900 million of cost savings. it is not unexpected. connell: they save 900 million, i believe, next year. and in 1.1 billion or more after that. do we read into it more and say it is a wall street story? >> we have a new ceo who knows consumer business. try to make his staff and his and person. we have to give him credit for that. bank of america announced something similar. there is still hiring. hiring...
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bob pisani is here at post 9. i'm sure you're going to talk about market action as it relates to what the speaker said a few moments ago. >> did you watch john boehner the speaker of the house? normally coolool and collected. looking a littles by frustrated. two-sentence answers. a little unusual for the speaker of the house and sort of very brusque and basically walked off on the press conference very quickly. good reason to be frustrated. let me give you some of the highlights of what a lot of people are talking about here. forget everything. don't go over the fiscal cliff but pass a simple tax bill. what would it entail? expend the tax cuts to those making under $250,000. increase taxes on dividends and capital gains to 23.6%. number three, know estate tax, payroll tax cut, unemployment benefits extension. basically strip everything out. no delay in sequestration. does this look like it would satisfy wall street? i don't think so. remember two essential points. it's got to be done before the end of the year and
bob pisani is here at post 9. i'm sure you're going to talk about market action as it relates to what the speaker said a few moments ago. >> did you watch john boehner the speaker of the house? normally coolool and collected. looking a littles by frustrated. two-sentence answers. a little unusual for the speaker of the house and sort of very brusque and basically walked off on the press conference very quickly. good reason to be frustrated. let me give you some of the highlights of what a...
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bob dylan, shut out. no nomination. >> kanye west? >> kanye and jay-z, six nominations, each, again, not in a major category. >> how is it bruce springsteen with that new album is not nominated? >> i know you're outraged over this. >> outraged i tell you, outraged. you've heard the album. >> the grammy organization and voters want to get with what's happening right now. so it's been a big thing for them a long time. there are 81 categories. there's just too much, and they want to focus on what's happening right now, and they have. and they've done it successfully. this is a good list of major nominations. >> so what about the women? that was also a ed hadline last night. why so few -- >> album of 9 year. no nominations for women in album of the year and i'm a little surprised. a couple of my favorite records, fiona apple, pink, very good records. different kind of records, and no nominations. all guys. and it is a little bit of a surprise. especially because the pop charts have been dominated by women for the last few years. >> why do
bob dylan, shut out. no nomination. >> kanye west? >> kanye and jay-z, six nominations, each, again, not in a major category. >> how is it bruce springsteen with that new album is not nominated? >> i know you're outraged over this. >> outraged i tell you, outraged. you've heard the album. >> the grammy organization and voters want to get with what's happening right now. so it's been a big thing for them a long time. there are 81 categories. there's just too...
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bob costas admits he made a mistake addressing half time during sunday night football and that he didn't have time to flesh out his thought properly. last night on bill o'reilly "the factor" he was given moore time. >> i thought it was self-evident it was a domestic violence case, on retrospect i don't back up on anything i said. i think it might be more effective if i said look, if we're looking for perspective on this we're going to have a serious discussion within sports, ongoing, not five minutes of fully tears about it, but a discussion about domestic violence, about the culture of game itself. that would have been more effective and would have led to an understanding of what i was coming from. but i was talking about a gun culture, i never used the word second amendment. stuart: all right, interesting stuff and we're going to stay on the gun issue. a twitter war broke out over the second amendment. our next guest, carol roth went on piers morgan to hash out their differences face-to-face. >> what i don't expect is the interpretation of a lesson on the second amendment of the consti
bob costas admits he made a mistake addressing half time during sunday night football and that he didn't have time to flesh out his thought properly. last night on bill o'reilly "the factor" he was given moore time. >> i thought it was self-evident it was a domestic violence case, on retrospect i don't back up on anything i said. i think it might be more effective if i said look, if we're looking for perspective on this we're going to have a serious discussion within sports,...
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bob corker said on fox news sunday, obama does have the upper hand on taxes. oklahoma representative tom cole said on cnn's state of a union if brought to a vote they would pass the house. that goes against speaker boehner's tone who seems to believe obama's plan would not be able to pass both chambers of congress. as far as what americans think of the president right now that is pretty evenly split. the new politico battleground poll just out today has his approval rating at 50%. more than billcat bill press" is coming up after our break. join us in the chat room at current.com/billpress. see you there. viewer for capella university. matter. >> i work with adults with developmental disabilities. growing up i had a single mother of four and people in the community were so helpful when they didn't even have much themselves. seeing people and their hardships made me want to make a difference in people's lives to give them hope. receiving a masters degree would open the doors for me to get into a management position where i would be able to do more for people. [
bob corker said on fox news sunday, obama does have the upper hand on taxes. oklahoma representative tom cole said on cnn's state of a union if brought to a vote they would pass the house. that goes against speaker boehner's tone who seems to believe obama's plan would not be able to pass both chambers of congress. as far as what americans think of the president right now that is pretty evenly split. the new politico battleground poll just out today has his approval rating at 50%. more than...
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. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in beijing and talked about what was going on. he used words like expanding domestic demand. used words like supporting urbanization. this is what everyone wanted to hear. those are buzz words. those are code words for stimulus. that's what the market is reacting to today. 2% move up in china in shanghai and even hong kong stocks. they moved together. this hasn't happened in a long, long time here. the bottom line is we're finally starting to hear from the leadership. they found their offices and things are starting to move and that is certainly very, very good news because now th
. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in...
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thank you so much, bob. thank you, chuck. greatly appreciate it. >>> coming up next, we're going to be revealing the cover of "time" magazine with rick stengel when we return. [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $169 per month or get $500 holiday bonus cash. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-28
thank you so much, bob. thank you, chuck. greatly appreciate it. >>> coming up next, we're going to be revealing the cover of "time" magazine with rick stengel when we return. [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving...